The December 31, 2024, balance sheet of Garcia Company included the following: Common stock, 19.0 million shares outstanding at $1 par Paid-in capital-excess of par Retained earnings Garcia completed the following transactions in 2024 relating to treasury stock: March 17: May 17: August 10: Reacquired 4.00 million shares at $9.00. Reacquired 2.00 million shares at $8.50. Sold 5.00 million shares at $11.50. $ 19,000,000 95,000,000 105,000,000 Required: Assuming Garcia uses the cost method, prepare journal entries to record the foregoing transactions on a FIFO basis. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 3 decimal places (i.e., 5,555,000 should be entered as 5.555).

The December 31, 2024, balance sheet of Garcia Company included the following: Common stock, 19.0 miltion shares outstanding at \$1 par paid-in capital-excess of par Retained earnings 519,000,00095,000,000105,000,000 Garcia completed the following transactions in 2024 relating to treasury stock: March 17: Reacquired 4.00 million shares ot $9.00. May 17: Reacquired 2.00 miltion shares at $8.50. August 10: Sold 5.00 milition shares at $11.50. Required: Assuming Garcia uses the cost method, prepare journal entries to record the foregoing transactions on a FIFO basis. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions rounded to 3 decimal places (li.e, 5,555,000 should be entered as 5,555)